by Christopher Nye | Jun 5, 2019
The pound is down against both the euro and the dollar this morning. It briefly benefited from a weaker dollar, but remains affected by the ongoing uncertainty in Parliament. Sterling rose slightly yesterday due to assurances from President Trump that the US was...
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by Christopher Nye | Jun 5, 2019
Sterling is under pressure this morning following a further decline in construction PMI – and not helped by concerns about who Theresa May’s replacement will be, and what it will mean for Brexit and the possibility of a no-deal. The markets will be watching closely...
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by Christopher Nye | Jun 4, 2019
The dollar is weak against both the pound and the euro this morning, due to suggestions that the Federal Reserve may cut interest rates. St Louis Fed President, James Bullard, said that an “insurance” rate cut may be “warranted soon.” This is due to rising trade war...
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by Christopher Nye | Jun 4, 2019
Euro is stronger against the pound this morning, after a good day for economic releases. German and French manufacturing PMI both met market expectations, with just a small drop for German figures. Crucially, Italian manufacturing PMI came in better than expected, and...
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by Christopher Nye | Jun 4, 2019
The pound is weak against the euro and stronger against the dollar this morning, benefitting from greenback’s weakness and suffering due to the euro’s strength against the dollar. Boris Johnson has said again that the UK will leave the EU with or without a deal in...
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